Projecting California's Fiscal Future

Stephen J. Carroll, Eugene Bryton, C. Peter Rydell, Michael Shires

ResearchPublished 1995

The purpose of this monograph is to provide technical detail on the data and methods the authors used to project California's General-Fund revenues and spending through 2005. The report begins with an overview that presents the policy-relevant results and implications of those projections. The results indicate that if current demographic and economic trends, tax policies, and mandated spending programs continue through the next decade, California faces a budget crisis. The long-term prospects for state support of some public service systems, including education, are consequently bleak. The bulk of the report is devoted to describing the data and methods used to estimate revenues and spending in the major budget categories. This information should be of interest to California legislators and budget analysts, as well as analysts in other research institutions and other state governments.

Document Details

Citation

Chicago Manual of Style

Carroll, Stephen J., Eugene Bryton, C. Peter Rydell, and Michael Shires, Projecting California's Fiscal Future. Santa Monica, CA: RAND Corporation, 1995. https://www.rand.org/pubs/monograph_reports/MR570.html.
BibTeX RIS

This publication is part of the RAND monograph report series. The monograph report was a product of RAND from 1993 to 2003. RAND monograph reports presented major research findings that addressed the challenges facing the public and private sectors. They included executive summaries, technical documentation, and synthesis pieces.

This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.

RAND is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.